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Turkey's Sabanci says sees 4.5 bln lira investment in 2017 - CEO
February 24, 2017 / 8:19 AM / 9 months ago

Turkey's Sabanci says sees 4.5 bln lira investment in 2017 - CEO

ISTANBUL, Feb 24 (Reuters) - Turkey’s Sabanci is targeting 4.5 billion lira ($1.26 billion) of investment this year, with a large portion of it to be dedicated to boosting production capacity, Sabanci Holding Chief Executive Zafer Kurtul said on Friday.

Speaking at a press conference evaluating last year and this year, Kurtul said 1 billion of the planned investment was going to be spent on technology. ($1 = 3.5681 liras) (Reporting by Ceyda Caglayan; Writing by Humeyra Pamuk; Editing by David Dolan)

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